To Strengthen Short-Sea Option in Mexico
The annual volume of vehicles currently built in Mexico is approximately 3.2 million. With planned expansions of manufacturing facilities, production levels will increase to over 5 million vehicles per year by 2018. This expansion will mean a growing need for both rail and short-sea transit to reach the U.S. markets.
To accommodate this growth, the government of Mexico and private companies are set to improve road and rail systems to the ports of Veracruz, Tuxpan, Altimira and Tampico. Mexico’s transport and communications ministry is developing 25 port projects across Mexico, constituting an investment of more than $4.1 billion.